Effective – 01 Jan 2012 379.1500. Definitions. — As used in sections 379.1500 to 379.1550, the following terms shall mean: (1) “Director”, the director of the department of commerce and insurance; (2) “Insurance company” or “insurer”, any person, reciprocal exchange, interinsurer, or any other legal entity licensed and authorized by the director to write inland […]
Effective – 01 Jan 2012 379.1505. Vendor license required — application, fee — termination date. — 1. No vendor shall sell or solicit portable electronics insurance coverage in this state unless such vendor has obtained a portable electronics insurance license. 2. A vendor applying for a portable electronics insurance license shall make application to the […]
Effective – 25 Jun 2013, 2 histories 379.1510. Authorization to sell, vendor responsibilities — eligibility and underwriting standards — supervising business entity to be appointed, purpose — training requirements — collection of charges. — 1. A vendor shall have the obligation to ensure that every location that is authorized to sell, solicit, or negotiate portable […]
Effective – 01 Jan 2012 379.1515. Insurance producers act, applicability of. — Persons licensed as vendors shall be subject to the provisions of sections 375.012 to 375.014, 375.018, 375.031, 375.046, 375.051, 375.052, 375.071, 375.106, 375.116, 375.141, and 375.144 of the insurance producers act. ——– (L. 2011 S.B. 132) Effective 1-01-12
Effective – 01 Jan 2012 379.1520. Sanctioning of license, when — penalties, when. — 1. The director may suspend, revoke, or refuse to issue* any license or renew any license required by the provisions of sections 379.1500 to 379.1550 for any reason listed in section 375.141 or for any one or more of the following […]
Effective – 01 Jan 2012 379.1525. Vendor investigation and examination requirements. — Vendors shall be subject to the investigation and examination provisions of section 374.190. ——– (L. 2011 S.B. 132) Effective 1-01-12
Effective – 01 Jan 2012 379.1530. Premiums, received by insurer, when — proof of purchase, insurer may require. — Premiums received by a vendor or supervising business entity shall be deemed received by the insurer. Insurers may require consumers to provide proof of purchase. ——– (L. 2011 S.B. 132) Effective 1-01-12
Effective – 01 Jan 2012 379.1535. Violations, director’s authority. — If the director determines that a person has engaged, is engaging in, or has taken a substantial step toward engaging in an act, practice, or course of business constituting a violation of sections 379.1500 to 379.1550 or rule adopted or order issued thereunder, or that […]
Effective – 01 Jan 2012 379.1540. Supervising business entity, sanctioning of license, when. — The license of a supervising business entity may be suspended, revoked, renewal refused, or an application refused if the director finds that a violation by a portable electronics insurance vendor was known or should have been known by the supervising business […]
Effective – 28 Aug 2018, 2 histories 379.1545. Insurers, permissible acts. — Notwithstanding any other provision of law: (1) An insurer may terminate or otherwise change the terms and conditions of a policy of portable electronics insurance only upon providing the policyholder and enrolled customers with at least thirty days’ notice; (2) If the insurer […]
Effective – 01 Jan 2012 379.1550. Rulemaking authority — effective date. — 1. The director may promulgate rules to implement the provisions of sections 379.1500 to 379.1550. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in sections 379.1500 to 379.1550 shall […]
